- NGX to Introduce Volume-Based Price Rules in Major Market Reform
- FX Spread Surges as Naira Depreciates Across FX Markets
- U.S. Consumer Momentum Slows as Inflation Squeezes Incomes
- Burundi Economy Improves, Inflation Sinks to 8.6% from 45% – IMF
- United Nations Urges Africa to Boost Domestic Funding
- US Dollar Hits 1-Year High on US Fed Hawkish Rates Bets
- Nigerian Exchange Sheds N2.18trn as Dangote Companies Dip
- XRP Price Dips 6.2% on U.S. Federal Reserve Rates Hike Bets
Author: Marketforces Africa
MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.
FX liquidity Could Trigger Foreign Investors Exits. Stranded foreign investors may find an exit route from the Nigeria’s financial market as foreign exchange as foreign exchange liquidity improves.
Analysts Expect Rates to Remain Subdue Until Friday FX Auction. Rates are expected to remain subdued until the foreign exchange auction on Friday, analysts have hinted.
Fidelity Bank Raised Profit 33% in First Half 2020. Fidelity Bank Plc has bolstered first half earnings performance despite multitude of operational and economic challenges lender faced in the first half of 2020.
Border Closure: Imports from West African Countries Drop 79%. Following the implementation of land border closure, there has been heavy adjustment in trade relations with West African Countries as data shows that both imports and exports declined in the second quarter.
PMI: Economic Recoveries in Nigeria, Others Could Disappoint in Q3. Given the latest data from the Nigeria’s central bank purchasing managers index (PMI), analysts said economic recoveries could disappoint against expectation in the third quarter of 2020.
Yields Drop as DMO Roll over 87% of Maturing Bills. Again, in the just concluded week yields on Treasury Bills declined due to surplus liquidity and the recently published fourth quarter of 2020 Nigerian Treasury Bills (NTB) auction calendar.
Nigeria’s Compliance with OPEC Rules to Widen Trade Gap –Analysts. Compliance with the Organisation of the Petroleum Exporting Countries (OPEC) would widen trade gap, analysts at Vetiva Capital Management Limited has noted.
Big Banks’ Profits Rise 4% in H1:2020 Earnings Season. With stronger than expected first half 2020 profitability records, the Nigeria’s bulge bracket balance sheet deposit money banks earnings performance defied COVID-19 to show strengths.
Income tax: FIRS inaugurates online portal for financial institutions. The Federal Inland Revenue Service (FIRS) says it has inaugurated a new Automatic Exchange of Information-Common Reporting Standard (AEOI-CRS) system for the use of financial institutions in the country.
Brent Crude fell to $43.63, Sets for Biggest Drop Since June…